Announced
Completed
Financials
Tags
Chile
Private
Copper
Friendly
Cross Border
copper mine
Acquisition
Single Bidder
Minority
Infrastructure
Completed
Synopsis
South32, an Australian incorporated diversified metals and mining company, completed the acquisition of a 45% stake in Sierra Gorda, a copper mine, from Sumitomo, a firm that provides export trade, technology transfer, supply chain management, project management, marketing, transportation, and distribution services, for $2.2bn. “We are actively reshaping our portfolio for a low carbon world and the acquisition of an interest in Sierra Gorda will increase our exposure to the commodities important to that transition,” Graham Kerr, South32 CEO.
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